Word: cohenable
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...know anything about a person until they actually contact us," says Lewis Cohen, who is the head of database marketing for Citibank...
Citibank's Cohen says that of all the credit card solicitations that Citibank sends out to college students, less than 1percent engender any sort of response--and only half of the students who respond actually sign up for a credit card...
...Cohen insisted that the letup would leave the economy in "a fine place for us to be," and her colleagues agreed. Demand is slowing from a "surge rate" to a "sustainable rate," says Martin Feldstein, president of the National Bureau of Economic Research and once head of Ronald Reagan's Council of Economic Advisers...
...that the consensus forecast of most economists seems to be for gross domestic product (that is, total output of goods and services) to grow about 3% to 3.5% over the next year. He would go along, said Blinder, but consumer demand may not be letting up as much as Cohen thinks, and business has an "insatiable demand" for--and appetite to invest in--new information technology. So those predicting 3% to 3.5% growth are "walking on thin ice," says Blinder, because the actual figure could turn out to be higher...
...long-awaited slowdown is "absolutely" under way, said Abby Joseph Cohen, who heads the investment-policy committee of Goldman Sachs, the giant investment firm. The series of six interest-rate increases forced by the Federal Reserve between June 1999 and last May are not the only reason, she said. Consumers are also showing some signs of having temporarily satisfied pent-up demands. "If you bought a new car in 1999 or early 2000, you're not buying another new car; and if you upgraded your home by moving into another one over the past year or so, you aren...